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Job cuts for October totaled 153,074, a 183% surge from September.

USD/CAD weakens on Thursday, trading around 1.4100 at the time of writing, down 0.1% on the day after hitting a seven-month peak at 1.4140 in the previous day.

The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.

Gold (XAU/USD) edges higher on Thursday, reclaiming the key $4,000 psychological mark as the US Dollar (USD) softens. At the time of writing, XAU/USD is trading around $4,016, extending gains for the second consecutive day, up nearly 0.80%.

United Kingdom BoE MPC Vote Rate Hike meets forecasts (0)

United Kingdom BoE MPC Vote Rate Unchanged registered at 5, below expectations (6)

• Prior 4.00%
• Bank rate vote 5-4 vs 6-3 expected (Breeden, Ramsden, Dhingra, Taylor voted for 25 bps rate cut)
• Prior 7-2
• CPI inflation is judged to have peaked
• Progress on underlying disinflation continues, supported by the still restrictive stance of monetary policy
• The risk from greater inflation persistence has become less pronounced recently, and the risk to medium-term inflation from weaker demand more apparent
• Overall, the risks are now more balanced; but more evidence is needed on both
• The restrictiveness of monetary policy has fallen as Bank Rate has been reduced
• The extent of further reductions will therefore depend on the evolution of the outlook for inflation
• If progress on disinflation continues, Bank Rate is likely to continue on a gradual downward path
• Most members placed some weight on the scenario that domestic inflationary pressure has faded more quickly than was assumed in the central projection
• Greene, Lombardelli, Mann, Pill placed greater weight on risks of persistence in inflation, requiring more prolonged monetary policy restriction
• These members were concerned that this could stall, as they placed particular weight on the risk of higher inflation expectations or structural shifts leading to inflation persistence
• Bailey judged that overall risks to medium-term inflation had moved down to become more balanced but there was value in waiting for further evidence
• Breeden, Ramsden, Dhingra, Taylor dissented in favour of cutting bank rate by 25 bps at this meeting
• These members attached a greater weight to downside risks, given that these would reflect a continuation of current trends, with particular concerns that household saving would remain elevated and weigh on consumption
• Dhingra and Taylor argued that policy was already significantly over-restrictive
• Full statement

This article was written by Justin Low at investinglive.com.

The highest dose of Eli Lilly’s weekly injection helped patients with obesity or who are overweight lose 20.1% of their body weight on average at 48 weeks.

The GBP/USD pair trades with a positive bias for the second straight day on Thursday and looks to build on the previous day’s bounce from the vicinity of the 1.3000 psychological mark, or a nearly seven-month low amid a softer US Dollar (USD).